Your Name:
Your Email Address:
To: (Email)
Subject:
Message:
Email Preview:

Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Are We In The Middle Of Another Housing Bubble?
Are We In The Middle Of Another Housing Bubble?
 
Friends and clients,
In June of this year, home prices rose for the 50th straight month.
Nationwide, current home prices are only about 1% below record highs from 2006, the beginning of the housing crisis.
At the same time, mortgage rates are trending lower and lower. The average 30-year fixed mortgage rate is now just 3.49%, only a few points above the all-time low of 3.31%.
Put these two things together, and you've got many people wondering: Are we in the middle of a new housing bubble?
The rise in home prices over the past several years is undeniable, and so are the low mortgage rates.
But let me set your mind at ease. The situation today is very different from the housing bubble that happened 10 years ago. Here's why:
1. Lending has been cleaned up. The risky mortgages that fueled the housing bubble 10 years ago aren't happening today because of new laws like the Dodd-Frank Act.
In fact, the stricter regulation surrounding lending is one of the reasons why mortgage rates are so low right now. Since banks have tighter criteria for the lenders they approve, they can afford to lend money at a lower rate.
2. The current ... more

__________________________________________________
Are you on The Rain? Grow Your Network!




Spam prevention